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over cutting medicare as republicans are over tax increases? with us, two voices calling for compromise. republican senator bob corker of tennessee and democratic senator claire mccaskill of missouri. >>> finally, our special economic roundtable. as both sides battle over the nation's fiscal health, what can we expect from the economy in a second obama term? what is the vision for an economic rebound? >>> from nbc news in washington, the world's longest-running television program, this is "meet the press" with david gregory. >>> and good sunday morning. amidst a lot of partisan rhetoric on both sides, talks on the fiscal cliff are now at a stand still, and the president is back on the campaign trail of sorts. this time to try to win in a court of public opinion for his plan to avert an automatic tax hike for everyone on january 1. that's where we'll start this morning with the point man on the negotiations for all of this. the secretary of treasury, tim geithner. and our roundtable is also here. standing by for reaction, including the man behind the republican pledge not to raise taxes
voucher rising of medicare, you have a return to the ryan budget, which priorities are not priorities that i think the american people share. >> rates, can there be a deal done with the rates not going up? >> no. i'm an appropriator for a long time in the congress. we used to have an expression. it's not the price. it's the money. this is not to be punitive on the people who make over $250,000. it's just to be fair to the entire country. you need that additional revenue in order to reduce the deficit and continue to make investments in growth. >> if speaker boehner says that, you know, we're not going to move on the rates, where are we? >> i hope that's just a bargaining position. but the fact is we have talked about it two step. do a down payment on cuts, on investments and on revenue this year and then in the next year, take the time to go over what we would do with real revenue reform. you can't do it in a matter of weeks right now. >> through this whole process, you want the rates to go up. been very clear on that. medicare age stays the same. and the the benefits don't change. ho
ridiculous with his demands to weaken medicare. one of the architects of obama care dr. zeke emanuel responds tonight. >>> house republicans pass an immigration bill democrats say is divisive and inferior. today, congressman javier on why the latino community won't be fooled. >>> the nation's first fast food strike is a historic protest for workers' rights. tonight, what you need to know about the lowest paid workforce in the country. >>> good to have you with us tonight, folks. thanks for watching. president obama knows his opponent is on the ropes and he's not letting up. the president took his tax plan agenda on the road today. he went to a philadelphia, pennsylvania, toy factory just north of philadelphia to focus on the people who will be hurt if the tax rate extensions are not passed for presidethe 98% o americans. >> if congress does nothing, every family in america will see their income taxes automatically go up on january 1st. every family. everybody here, you'll see your taxes go up on january 1st. i'm assuming that doesn't sound too good to you. that's like the lump of coal you get
for. republicans propose 600 billion in entitlement saving including raising the medicare requirement to 67, nearly twice what the white house called for. the gop plan changes how social security benefits are calculated, something addressed under the president's plan. the president today did open the possibility for further negotiations down the road. >> we're not going to be able to come up with a comprehensive tax reform package that gets it all done just in the next two weeks. we're not going to be able to come up with necessarily a comprehensive entitlement reform package in the next two weeks. >> joining me now is congressman adam schiff of california. thank you so much for your time. >> it's a pleasure. >> you heard the president responding again to the proposal from republicans yesterday. what's your gut right now on this? >> my gut is we're going to reach a deal. i don't think we're going over the cliff, but we'll have a hard couple of weeks of negotiating st still ahead of us. i don't envy of position the speaker is, but he has to face the fact his party lost the election and
't deal with the entitlement reform to save the medicare and medicaid and social security from imminent bankruptcy. it raises $1.6 trillion on job creators to destroy the economy. no spending controls. >> reporter: treasuresy secretary tim geithner advocated for clinton era tax rates and wants top earns to pay 39.6%. he said when that was the rate in the '90s there was was good economic growth and strong private investment. said republicans would rather raise revenue closing the loophole and limiting deduction need the time to realize that might not bring in enough cash. >> that is a good set of propose is and good for the economy. if they have suggestions, they want to go further, lay it out to us. >> secretary geithner said he cannot promise we won't go off the fiscal cliff. speaker boehner says he is doing everything he can to avoid the cliff but acknowledged that there is a chance we will in fact go over the edge. >> thank you. >> shannon: now if the country does go over the fiscal cliff marx worry there could be cutback to entitlement programs like social security and medicare and
a plan for medicare. medicare advantage. that is exactly the same as obama care is for people under the age of 65. and so i'm waiting for paul ryan to tell me the difference between his medicare advantage plan and the obama health care exchanges. >> i think we can settle this 2016 thing right now. >> what are you, kidding? >> i stopped making predictions like six seconds ago. we're great when we talk about things that happened in the past or things happening now. we're really stupid. >> joe klein gets the last very cautious word. thank you very much for joining me. from washington, d.c. tonight, breaking news from the nation's capital. house democrats are turning the screws on house speaker bain. this is "the ed show." let's get to work. >> unfortunately, the speaker's proposal is still out of balance. >> the president responds to john boehner, but democratic leader nancy pelosi has a plan to get around the speaker. tonight, leader pelosi joins me for an exclusive interview. >>> senator john kerry like you have never seen him before. the statesman from massachusetts scolds the radic
billion out of medicare in this initial round. to be named later. they are sort of determined not to fall for that again. megyn: it is exactly what happened to ronald reagan. he agreed to a tax hike for spending cuts or come later. he said that the biggest regret of his presidency is that he got the tax hike and he never got the spending cuts. we will see. there is a lot of pressure on the sides, especially on the gop side. tom bevan, thank you so much you think you. megyn: what do you think? some say it is the opening offer. but it's not. we only have 3.5 weeks ago. it is time to get down to business on capitol hill, who is to blame for the situation we are on on capitol hill? balmy on twitter. back in january 2000 and 1, our national debt stood at $5.7 trillion when president bush took office. it seems paltry now. when he left office, the debt was $10.6 trillion. as of this week, $16.3 trillion. the next debt ceiling limit is only about $100 billion away. that is the number we could reach in the next few weeks. democrats are suggesting that that be dealt with in this difficult negotiati
about major changes to social security and medicare. you are against it. a new poll shows that 70% are opposed to medicaid spending cuts, 51% oppose raising medicare age. where are you you willing to compromise on entitlements when that part of the conversation is dealt with? >> first of all, social security is not a part of the debt problem. it has its own trust fund. it's well accounted for. it's actuarially sound to 2040 right now. medicare we took care of in the president's bill. in terms of medicaid, there's jostling between the states and the federal government right now, but that's a bigger question that shouldn't be dealt with by the end of the december. that's a bigger question. we've already taken $1.7 trillion in cuts, and the president is put another $800 billion up on the table. i think the democratic side has been very forthcoming in terms the cuts, cuts in a way that will not harm the recovery. zoou for your time. i greatly appreciate you joining us at this point. thank you. both secretary of state hillary clinton and defense secretary leon panetta issued more stern
now. $400 billion in unspecified medicare cuts. over the next ten years. and then, permanent authority to increase the debt limit the president wants that authority. they look at that 1.6 trillion in revenue and say it's twice as much you get from raising taxes on the wealthy and much more than democrats would ever accept in the senate. that's why they say this is not serious. >> but let me start with what you said, we're making the threat of default. we propose to take an idea that senator mcconnell proposed in the summer of 2011 and extend that. what that does, it lifts the cloud of default over the economy. the president has increased the debt limit. congress has a chance to express approval of that. it's a very smart way by the senator with impeccable credentials to lift this threat. >> you said that he never intended it to be permanent? >> but, again, it was a good idea then, it's a good idea going forward. it came from him. it wasn't our idea. that makes a lot of sense. what you said that wasn't quite right, what we laid out for them was, a detailed set of reforms in health progr
mcconnell said. "higher medicare premiums for the wealthy, an increase in the medicare eligibility age, and a slowing of costs of living increases for programs like social security. and then republicans would agree to include more tax revenue in the deal but not from higher tax rates." now, let's just look at this for a second. we'll go to you first, nan. he wants medicare eligibility, he wants medicaid reforms, he wants spending cuts. then he'll talk revenues. that seems reasonable to me. is he going to do it? will the republicans come back with their own counter offer? >> well, certainly larry those are elements of a long-term approach to our enormous debt. it's a crushing debt. it hams our vulnerability across the world. i think we should look very seriously yet again and the speaker's mentioned it at the 2010 health law, affordable care act. that is a massive cost weight on the american people. it is a deeply unpopular issue. still it was relatively ignored during the election but it's still an active issue. and we have to provide assurance. americans have told us. they told us
. some of it from medicare, another 50 billion in spending and new spending on infrastructure and stimulus spending. that's something that republicans aren't going to want to go to. the two sides are far apart. here we are on december 1st, the clock is ticking. if they can't come to a deal over the course of december, delay all the christmas vacations and then the nation does go over the fival cliff and some people are thinking about the unthinkable now, craig. yes, it all boils down to that tax rate and the white house is playing hardball. they are insisting that the votes are there. they are, in some cases, playing to the democratic base that wanted to see this all along in past negotiations, craig. remember two years ago when we had the same debate about extending the president's tax cuts the president caved and no one expects this to happen this time and yet the votes aren't there in the house of representatives, especially among republicans to pass. there's some question whether john boehner would even put a bill like that on the floor. so, right now, a standoff. but that
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to issues such as the extension of unemployment benefits, social security, medicare, freidman would have argued that it's the better course to cut spending in those areas now rather than defer indefinitely on making real spending cuts. the current agreement was hammered out in august of 2011. what typically happens is that spending cuts are promised in the future, but they never materialize, the taxes are raised anyway. that is exactly what would happen under this circumstance, taxes would be raised, spending cuts would be promised in the future but when that deadline is reached we won't make the spending cuts. so at this point in time what is really being talked about is strictly a tax increase and freidman would have opposed that. jenna: i don't need to tell you that, there's certainly been critics of milton freidman out there. if you take the criticism together this is what they say. there is a time and police for government, there is a time and place where government can serve the economy, and that was opposed to what milton freidman said, but in general, you know, what do you think
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in stimulus spending, $400 billion in medicare entitlement savings. again, an opening offer, but, you know, the question republicans are asking is, like, what's really negotiable here? and do you think that joy-ann is right, these are just both sides playing to their base at this point when in truth they both know the contours of the deal? >> yeah, i think joy-ann is absolutely right that this is a negotiating position. it's not an attempt to draft what the final offer is going to look like. and there's a lot of bluster on both sides. you know, republicans are saying this is absurd. this is a joke. but it's hard for them to threaten to walk away from the table when democrats have the leverage, and they know it, and they are behaving like they know it. and that seems to be what is shocking the republicans so much because in the past, the president notably hasn't been this tough a negotiator. they've been able to say no, bring us something we like better, and he's done it instead of actually sort of calling their bluff and saying no, i want to see what your offer is. >> but this is the presi
of this plan along with the $600 billion in saving including medicare that suggested in the $200 billion in additional spending, what part of this plan is a balanced or bipartisan approach? >> i bet john boehner things the grand bargain was good deal last year. the chicken question is john boehner having to blink. president was able to get $1.6 trillion because it's coming from the increase on wealthy americans. we don't want 98% of americans tax rates to go up in the name of saving tax rates for the wealthy. so that is going to increase on wealthy americans, 60% of americans overwhelmingly support. the president won this election fair and square. american voters are clear on the mandate and support an increase in tax rates to balance this budget. >> that is not true. for the bush tax cuts to expire and top 2 percent even most generous estimate that is $90 billion more in revenue. not $1.6 trillion more in revenue even over ten years. even if you accept that larger number, the deficit is $1.5 trillion so, even if the republicans raise the you are giving $90 billion. where are you going t
taxes, but you're going to be the ones to cut medicare. if you want cuts in entitlements, but the mob. i'm not going to do both for you. lou: here is a thought. that is, th obama white house has made a rare mistake, miscalculation. they have incentivized republicans to say, you know, the heck with it. if you're not going to come to the table, we are not going to advance it. you have chosen and we have reached an agreement as to parties for squestration. we will go along with the tax cuts. that's your decision. sequestration was part -- we are partners on that deal. let her rip. they're going to get twice as much in the way of spendingcuts as an increase in taxes that way it's the best deal, and it's also oriented toward the republicans favored. >> the damage it will do to the economy. i don't think the president has a bigger role as he thinks he is. the house will be held by republicans for the foreseeable future, not just two years. midterm elections, six years, sterile for the president. the end of the day he wants a legacy. it's going to be the highest unemployment in history for two
political adviser indicated that medicare and medicaid are the main drivers of our deficit. i know we have seen this morning also several editorial writers indicate the same, that it is important that we put these drivers of the deficit on the table and include them as part of any agreement to avoid the fiscal cliff. as the speaker said, we have done our part. we have put revenues on the table, something we did not do two years ago during the debt ceiling negotiation. we still believe that it is most important for us to address the economic situation in this country where so many people are out of work. that is why we take the position and believe strongly that increase in marginal rates i, income-tax rates, is not the way to produce growth and put people back to work. but we have not seen any good faith effort on the part of its administration to talk about the real problem that we're trying to fix. i am told mr. bowles, some of us will meet with him later today, said earlier this morning there has been no serious discussion by the white house on entitlements, on medicare and medicaid. th
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polls among the majority of some republicans in some polls. cutting medicare, medicaid is is not popular. in fact, much of the election was over each side trying to convince the american people that it was the other side that wanted to go after medicare specifically. >> yes, absolutely. >> so now we have to do something about the cost of medicare but no one wants to be the first person to come out and say, we're taking the scissors and -- >> giving no specifics, are they hoping it's boehner, hoping that the democrats will come back with a more conservative proposal, or is he wanting them to say something so he can just disagree with whatever it is? >> i think it depends on what we think it is that the president is hoping for. the fact is, the president could go over this fiscal cliff and at least politically for him there's not a lot of cost to it. there's some real cost to american families and particularly to the most vulnerable. the president from that position may certainly be trying to pull us back from it. but politically there's no reason not to head over. yes, you'll see your tax
't be sound and solvent for future generations. for example, medicare's hospital services program is in serious financial trouble. in a report this spring, the medicare trustees cautioned that the trust fund that covers the program's hospital services will be depleted and consequently insolvent by 2024. the fact is, we can accomplish entitlement reform in a way that doesn't change programs for people at or near retirement yet ensures that those programs will be there for our children and grandchildren down the road when they need them. republicans and democrats should be able to come together, as should older and younger americans, because thoughtful entitlement reform is in everybody's interest. and, finally, we need to control our spending. our federal deficit for the fiscal year 2012 was $1.1 trillion, and our national debt is now more than $16 trillion. that is unsustainable. more revenues from tax reform and economic growth combined with entitlement reform and controlling spending will reduce our deficit and our debt, and there is no question that we can do it. for example, w
, which everybody knows we've got to do if we're going to keep medicare going. i don't think anybody in this body doesn't know that within ten years it will be broke unless we make the appropriate structural reforms now. the president continues to call for a balanced approach to deficit reduction, but in practice he's offering up all tax increases and no spending discipline. he has offered up nothing meaningful on entitlement reform. the proposal put forward last week by secretary geithner was embarrassing. i happen to like secretary geithner. i stood up for him under some trying circumstances on the finance committee before he was approved by the senate. and i did it because i believe he's a hard worker. i believe he's an intelligent man. and i personally like him. but my gosh, if i was the treasury secretary and the president gave me that plan to go up and show it to the leader of the house, the speaker of the house, i would have said, no, mr. president, you can't do this. this is an insult. if the president said you've got to do this for me, i would say, i think it's better for me
and leave medicare alone. >> that's crazy. >> stephanie: that's nearly 60%. >> that's more than 47%. >> stephanie: right, 60% of the "abc news" poll results of this poll echo the national exit polls in the presidential election just fyi. >> if we do that, 98% of people get a tax cut. who could be against that? oh the republicans. >> stephanie: we'll have audio from this. the president explained it really, really well, exactly what that means. 67% of this polishing more than 60. >> yes nearly 70. >> stephanie: nearly 70 oppose another suggestion raising medicinemedicare eligibility age. >> we have that audio. >> stephanie: why don't we play it. >> i can get the cd from yesterday. we played it yesterday. >> stephanie: no, the actual breakdown, it's only on the first 250,000. explaining how everybody basically gets a tax break. >> i don't think we have that audio. >> stephanie: well, you're fired. >> you're fired. you're fired. you are fired. >> stephanie: can we have that found bite. >> you're fired. >> stephanie: debby in maryland. you're on "the stephanie miller show"." >> caller:
house is offering? caller: republicans have been against every type of social security, medicare, but all you have to know is that there is no way you can cut your -- way to a balanced budget. host: from maryland, republican line. hello. caller: i watch you every morning. they keep talking about entitlement. why don't we cut some of these entitle appellants to politicians? the state and the federal. it was just in the paper. the state workers are getting a 47 cost of living raise -- a 4% cost of living raise. what about their transportation is paid for, their insurance, their food. their hotels. they get six figures of pay, plus all they do is campaign. obama's in the air again, campaigning in p.a. today. could you imagine what it cost us for him to constantly campaign since 2006? host: so far his proposal has entitlement cuts. $4 billion. what do you think of that as a proposal at least to talk about as the discussion goes forward? >> i say take some from them. host: but what do you think about the cuts to the entitlement programs themselves? >> some need to be cut, granted. bec
and medicare. that's the key to the deal, guys. now we end the week sort of nowhere. they'll be back at it again next week. >> all right. thanks so much, eamon javers. meanwhile, the marriott ceo was one of the ceos in the room with president obama this week in the fiscal cliff meetings. many of the executives saying that the white house sounded resounding resoundingly reasonable when describing plans to address the debt and deficit. >> so was this proposal the white house made yesterday with more spending and very few spending cuts, was that what mr. sorenson was expecting out of the gate? he joins us on the telephone with his thoughts. good to have you with us. >> glad to be with you. >> when you were with the other ceos at the white house, does it jive with what we're hearing about that made mitch mcconnell laugh yesterday? are those two plans one in the same? >> well, i'm hopeful that what's happening in the media is posturing by both parties and doesn't reflect where either party thinks a deal will end up. i think what the president talked with us about on wednesday afternoon wa
.6 trillion in tax hikes, only $400 billion in cuts. he conveniently did not cut social security, medicare and medicaid which poll as the most popular programs and things that americans actually want. and if you look at it, 60% of americans actually support the idea of raising taxes and that of course goes beyond those that just voted for him. so he's going with what are the popular issues that i know i can get americans around me and i'm going to put republicans in a really tight spot where they're going to have to either say look, we're going to make cuts to programs that we know that you like and frankly, they know that it's going to be bad for republicans if a deal doesn't get done. so a lot's still happening behind the scenes and what we're hearing publicly is a lot of posturing in that poker game happening. >> yeah. the problems of republicans it seems to me is they've had this completely intransigent position driven by grover norquist, but all the polls say two-thirds of americans are quite happy for the wealthier to pay more taxes in america. i think they should just get on with it
to tighten up the eligibility requirements for entitlements. mcconnell said that could mean higher medicare premiums for the wealthy, an increase in the medicare eligibility age and slower cost-of-living increases for social security. but he ruled out higher tax rates. most democrats have ruled out all of those cuts, arguing they would undermine the nation's most successful programs. the president asked for, but it appears republicans would be unlikely to agree to give the president the ability to raise the debt limit unless a super- majority in congress disapproves after the fact. that option was developed by senator mcconnell himself. >> members hate that vote, as you know, because they are voting to increase the debt, but that's why they should have it, because it's a reminder of what this fiscal policy is doing and it holds congress accountable for doing it. >> reporter: so the first week or real bargaining on the fiscal cliff ended with a loud chorus of "no's." and there are only a few more weeks left to get to yes on some of the toughest policy issues dividing democrats and republican
see 400 billion nun specified medicare changes. will those ever happen? who knows? >> at the bottom of that list is a debt ceiling mark too. virtually unlimited ability for the government to borrow more money. we are not going to worry about the debt ceiling anymore. remember that debt ceiling debate we have every year. not going to have that debate anymore. kill any movement of the debt ceiling anymore so we can borrow indefinitely. >> this deal has no shot. clearly the president knows that we will talk to dana perino and governor huckabee coming up. >> let's get to other headlines. fox news alert new overnight information two brothers busted with radicals overseas that possibly have convictions to al qaeda. new video this morning. a missing leukemia patient from arizona phoenix police are definitely searching for 11-year-old emily. her mom removed her iv and snuck her out of the hospital. doctors say emily can die within days if she doesn't receive medical care. can you see this video. the child has been amputated because of an infection. police do not know where they are going. b
and about $400 billion in savings over ten years for medicare and other entitlement programs. >> despite the claims that the president supports a -- >> thousand is the time fnow is republicans to move past the happy talk about revenues, ill defined, of course, and put specifics on the table. the president has made his proposal. we need a proposal from them. >> today president obama is taking his pitch on the road. he will be visiting the philadelphia suburbs employing campaign style tactics in hopes of mobilizing the public to his side. he'll be speaking at a manufacturing facility arguing that businesses it depend on middle class consumers over the holiday season. despite all this, you see the futures today indicating higher. dow up by about 35. does that surprise you guys? >> no, i don't know. i think people still think that eventually they do what they have to do and that is talk to one another. we don't need to be -- i don't like the campaigning. i don't like going out and selling it. you keep telling your constituents to write their congress people or whatever. f trying to put press
be conceptualized and dealing with medicare premium reimbursement issues -- what is the one singular issue that you're focusing on as far as the top 2%? [talking over each other] >> what is remarkable about this, and this was said on the sunday shows, in this day, in 2012, how-to people are aware of what was a issue that happened in september. the unemployment rate, while it has come down, is still higher when george w. bush extended it. .. now he has also said he is not wedded to every detail of his plan, that he will compromise and he looks forward to concrete proposal that addressed the question of revenue for sale. they are open to revenue. the fate of the raise tax rates on the wealthiest americans. it's mathematically impossible to receive targets necessary or balance in a way that only closes loopholes and tax deductions. both economically -- >> that's been your earlier point. >> depending on the proposal you're talking about. it is either possible to do it if you stick it to them about class and race taxes on the middle class you can tax the wealthiest americans from having to contribute mo
now. stakes couldn't be higher. more than $7 trillion of tax cuts in medicare payments and programs for unemployed will expire in just 27 days am today. adding to these spending cuts and tax increases or sequestration, cuts of almost 10% of both defense and nondefense, and cuts of 2% medicare. it would be hard to find a single american not affected by these changes. you all know how serious this is. you believe, like me, that we can do it. to prevent fiscal crisis. but the answer is not just extend all of these tax cuts and delight all of these cuts. that is not the answer. this is an opportunity, an opportunity to commit to balance plan, to bring our national debt back down to sustainable levels. the united states, i believe come is at a critical juncture. we can come together, show the world we are still responsible actors. we can prove that america is still the leader of a global economy. people are watching. do we still have it. or, we can let a instruction is an and stagnation turn this country that we all love so much into a second place state. i spent a few days last fall mee
hit. it's not going to be fixed if we go over the cliff. next, medicare doc fix, another thing we don't hear much about, but doctors would get less money from the government to pay for medicare patients that they have. and many doctors say if that happens, they're going to have to drop medicare patients. that would be very bad news there. and the last thing again not many people are talking about is an estate tax increase. right now there's an exemption for taxes on estates $5 million and below. that would go down if we go off the cliff to $1 million. and the rate would go up 35% to 55%. so these are all very, very real world problems that will cost americans a lot of money out of their wallets if we go off the cliff beyond the big ticket items which are the spending cuts and those tax rates. >> yeah. a lot of consequences if we go over the cliff. what are you hearing, dana, if anything about actual negotiations, talks being resumed. >> reporter: we are told by a republican source that talks have resumed between at least on a staff level between the speaker's office and the white hous
% earn is going to have a new 3.% medicare tax added to it. 3.8%. 0.9%, mr. speaker, that's an increase in the medicare tax on the earned income of these folks. 3.8% increase on the unearned income, 0.9% increase on the earned income. 2.7%, mr. speaker. that's the medicare tax that that top 1% is already paying on all of their earned income today. it's going to go up another .9. they are already paying 2.7. the president says that's not enough. let me do some quick math here. they are only gg to have to pay one, mr. speaker, either the unearned income tax or earned income tax that would be 3.8% either way. they are paying 39.8, plus this 15.3, of course, on all those dollars that are subject to medicare and social security under the cap today, plus another 6% the average rate for state income tax today. let me add those. my home state of georgia, let me come back over here to these middle class taxpayers that appear to be paying 46.3% as a marginal rate of every dollar they earn. back over here to the high income folks, before they pay their payroll taxes, we have 44.8, and of course on
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